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By Mark O'Byrne |
August 23, 2012
Bullion prices have rallied for six days, moving through the technical resistance of the 150-day and 200-day moving averages. Platinum and palladium also rallied for a fifth straight day on growing fears that violence due to labor issues will spread.
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By Mark O'Byrne |
June 19, 2012
Gold has gradually rose 3% in the last eight sessions and is also supported by the debt crisis in Europe with initial euphoria over a victory for pro-bailout parties in Greece giving way to persistent concerns over Spain and Italy and their banking sectors.
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By Mark O'Byrne |
June 6, 2012
Gold crept gradually higher in Asia and then quickly jumped $10 at 0848 GMT as sizeable orders hit the market sending gold through recent resistance at $1,627/oz to over $1,637/oz.
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By Mark O'Byrne |
May 14, 2012
Gold has fallen again today and has now erased the gains for the year. Gold edged up in early Asian trading as bargain hunters lifted prices from four month lows, but gains were capped and prices gradually fell and falls continued in European trading.
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By Mark O'Byrne |
April 25, 2012
Gold has been in an incredibly tight range – hovering around the $1,640/oz level this morning as markets await the US Federal Reserve’s decision regarding maintaining ultra-loose monetary policy and further quantitative easing (QE3).
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By Mark O'Byrne |
April 18, 2012
Gold traded sideways prior to gradually creeping up in late Asian trading. It then gave up those gains in European trading and is nearly unchanged from yesterday’s close in New York.
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By Mark O'Byrne |
March 21, 2012
Still stubbornly high oil prices are bullish for gold but have not led to higher gold prices so far. Risk appetite remains high as seen in equity indices near record highs and gold more than 15% below its recent nominal record high.
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By Mark O'Byrne |
May 16, 2011
Gold and silver are lower this morning as the recent bout of weakness continues. Equities in Asia were lower on economic growth and inflation concerns and European indices are also lower as Greek debt talks are in disarray.
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By Mark O'Byrne |
May 13, 2011
Gold and silver are higher this morning with the dollar, the British pound and commodity currencies falling in value. It is too early to tell whether the recent margin driven, paper sell off on the Comex is over but demand remains robust.
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By Mark O'Byrne |
April 26, 2011
Silver and gold are lower today after the record nominal highs seen yesterday - gold marginally and silver significantly. Gold reached $1,518.30 per troy ounce, a nominal record, while silver climbed to $49.79 per ounce.